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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?


To: dealmakr who wrote (4868)4/4/2011 11:10:18 AM
From: dealmakr   Read Replies (2) | Respond to of 5891
 
Updated Position HBAN 04/04/11

03/04/11 Bot 8000 HBAN 6.53 (52240)
03/04/11 Sold 80 Apr 6 put .12
03/04/11 Sold 80 Apr 7 call .13
03/07/11 Bot 2500 HBAN 6.68 (16700)
03/07/11 Sold 25 Jul 6 Put .33
03/07/11 Sold 25 Jul 7 call .45
03/09/11 Bot 5000 HBAN 6.77 (33850)
03/14/11 Sold 50 Jul 8 call .16
03/18/11 Sold 50 Oct 6 Put .48
03/23/11 Sold 30 May 7 Call .17
03/28/11 Bot 3000 HBAN 6.67 (20010)

Closed trades Profit/Loss

03/16/11 Dividend .01 on 15500 shares 155

Total return on closed trades 155

Long 18500 HBAN avg/share 6.64 (122800)

Short 80 Apr 6 Put 960
Short 80 Apr 7 Call 1040
Short 30 May 7 Call 510
Short 25 Jul 6 Put 825
Short 25 Jul 7 Call 1125
Short 50 Jul 8 Call 800
Short 50 Oct 6 Put 2400

Net Position Exposure

Naked puts 15500 shares
covered calls 18500 shares

If the short Apr 7 calls can be rolled out to May for a .20 or better credit, will be looking to do so.

Good Trading

dealmakr



To: dealmakr who wrote (4868)4/16/2011 7:48:45 AM
From: dealmakr   Read Replies (1) | Respond to of 5891
 
Updated Position SVU 04/16/11

03/23/11 Bot 4000 SVU 8.38 (33520)
03/23/11 Sold 40 Apr 7 put .05*
03/23/11 Sold 40 Jul 9 call .60
03/29/11 Bot 2500 SVU 8.77 (21925)
03/29/11 Sold 25 May 9 Call .55
04/04/11 Bot 2500 SVU 8.99 (22475)*
04/04/11 Sold 25 Apr 9 Call .35*

Closed trades Profit/Loss

04/16/11 Expired 40 Apr 7 Put 200
04/16/11 Exercised 25 Apr 9 Call 875
04/16/11 Sold 2500 SVU 9 25

Total return P/L on closed trades 1100

Long 6500 SVU avg/share 8.53 (55445)

Short 25 May 9 Call 1375
Short 40 Jul 9 Call 2400

Net Position Exposure

covered calls 6500 shares

Earnings were well received by the market with the stock spiking over 10, dividend also declared. Will see how the stock trades at the new level before adding or reducing exposure.

Good Trading

dealmakr